Morgan Stanley Sees Strong Q4 Results For Adobe Systems

In a report published Friday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Equal-Weight rating and $70.00 price target on Adobe Systems Incorporated ADBE. In the report, Morgan Stanley noted, “ADBE posted strong Q4 results with subs adds meaningfully above expectations and subs guidance of 5.9M for FY15 also ahead, but ARR, revenue, and EPS estimates for FY15 remain unchanged while we worry that FY15 sub targets could prove aggressive. Reit EW.” Adobe Systems closed on Thursday at $69.74.